Executives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at Hilton Hotel….
By Kaleyesus Bekele The Ethiopian Civil Aviation Authority (ECAA) has granted an Air Operator Certificate (AOC) to Gold Star Aviation, a new air transport company established by the renowned businessman, Werku Ayetenew. At a ceremony held today ECAA Director General Getachew Mengistie congratulated the management of Gold Star Aviation for complying with all the requirements…
One of the largest private banks in Ethiopia , Dashen Bank, earned a gross profit of 3.8 billion birr in the 2021/2022 budget year. The profit went up by 57% on the same period last year. Chairman of the Board of Directors of the Bank Dulla Mekonnen said while he presented the annual report that the bank…
Ethio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching program was…
Institutions working on capital market and insurance sectors have agreed to pay tuition fees for staffs that would be enrolled to take capital market and insurance courses. Getachew Beshahwred, General Manager of Bruh Finance said Wednesday that, “We’ve negotiated with Associations such as Association of Ethiopian Insurers Association (AEI) to pay tuition fees of their…
Prime Minister Abiy Ahmed (PhD) has appointed Aklilu Tadesse as new CEO of the Industrial Parks Development Corporation (IPDC), effective October 18, 2022. Aklilu replaced the outgoing CEO Sandokan Debebe, who has been appointed as State Minister of Planning and Development. Aklilu has a background in the field of Law (LLB). He has been serving…
Mining and Technology Expo (Mintex) is to be held from November 10 to 12 at Millennium Hall in Addis Abeba. Ministry of Mines is the organizer of the event. South Africa, Canada, Australia organize well-known mining events. “Ethiopia will also organize mining technology expo in a bid to create a platform to commercialize our mines…
Ethiopian Airlines announced that it will add Zürich to its expanding global network, with thrice weekly flights. The first flight from Addis Ababa to Zürich will take off on 31 October 2022, operated with the ultra-modern Boeing 787 Dreamliner. Zürich will be Ethiopian Airlines second destination in Switzerland next to Geneva, and its 19th gateway…
A new Hotel named Naflet Hotel, which was constructed in Adama city with a total investment of 750 million Birr was inaugurated during the last weekend. The Hotel was owned by two investors named Dagim Tibebu and Hawi Zewdie and its construction consumed eight years. The eighth storey new Hotel has 38 bed rooms and…
Digaf Microcredit Providers, a technology-driven micro-finance institute, has signed a Memorandum of Understanding (MoU) with the Ethiopian Ministry of Labor and Skills (MoLS). The partnership will allow MoLS and Digaf to facilitate access to affordable digital loan products to low- and medium-income individuals with the aim of enhancing financial capacity. This announcement of the partnership…
